24/7 Blockchain industry dynamics and breaking crypto news
The Resolv Labs attacker, responsible for a $25.9 million theft in March, has resumed fund movements. In just hours, 580 ETH (approx. $1.09M) was transferred, with ongoing efforts to obscure the trail, raising fresh security concerns.
Read MorePolygon Labs CEO announced layoffs as the company shifts from a blockchain foundation to a blockchain-enabled payment firm targeting profitability by 2027. The move aligns with its Coinme acquisition and expansion plans, with affected employees receiving severance and career support.
Read MoreA Taiwanese court sentenced the head of a shell company to 22 years for laundering over NT$2.3 billion through cryptocurrency. The scheme, using 45 storefronts to sell USDT for fraud rings, victimized more than 1,500 people.
Read MoreChina's forex regulator plans to introduce a new policy package to significantly facilitate cross-border investment and financing. Based on extensive research, the reforms aim to support businesses and banks amid evolving economic conditions.
Read MoreOn-chain data reveals significant activity from an address suspected to belong to venture giant a16z. Within 24 hours, it withdrew 471.5K HYPE tokens (worth ~$30.57M) from Hyperliquid and deposited them into exchanges like OKX, Bybit, and Gate.io, sparking market speculation about a potential sell-off or strategic shift.
Read MoreA wallet that legitimately received a massive BONK allocation from the treasury has transferred 1.19 trillion tokens ($4.11M) to Binance within 6 hours, likely for selling. It still holds 3.2 trillion BONK ($10.85M), raising concerns about potential future selling pressure on the market.
Read MoreOn July 17, a lending pool within the Solana-based DeFi protocol DeFiTuna was exploited, resulting in the extraction of 580,000 USDC and a corresponding deficit. The attack vector has been identified and mitigated. The team is investigating and attempting to recover funds.
Read MoreMoon's Dark Side has launched Kimi K3, a groundbreaking open-source model with 2.8 trillion parameters. It features novel KDA attention, supports native vision understanding, and boasts a 1 million token context window, targeting advanced scenarios like long-context programming and complex reasoning.
Read MoreKey developments from the overnight session: Visa launches a stablecoin payment platform, signaling deeper crypto integration. Prediction market Pascal secures $9M in Series A funding. Geopolitical tensions rise as Hezbollah refuses disarmament and Iran sets conditions for JCPOA return. Trump's stock promotion after purchases draws scrutiny.
Read MoreCircle has minted an additional 500 million USDC on the Solana blockchain as of July 17th. This brings the total USDC issued on Solana in 2026 to over 70.01 billion, highlighting the network's growing role in the stablecoin ecosystem.
Read MoreU.S. stock futures fell on July 17, led by tech stocks, as doubts over the sustainability of the AI-driven rally triggered a sell-off. Nasdaq 100 futures dropped sharply, signaling investor reassessment of sector risks.
Read MoreFederal Reserve Vice Chair Jefferson stated current monetary policy is well-positioned to support the labor market and lower inflation. However, he warned that if inflation does not cool soon, the Fed may need to reconsider its stance, including potential rate hikes, highlighting a data-dependent approach.
Read MoreInvestment giant T.Rowe Price, with nearly $2 trillion AUM, has launched its first active cryptocurrency ETF, TKNZ. This strategic move into crypto during a market downturn signals growing institutional acceptance of digital assets.
Read MoreOn July 17th, major US stock indices closed lower, led by a broad decline in tech stocks. Semiconductor and storage-related shares faced heavy selling pressure, with many falling over 5%. Risk-off sentiment prevailed across hardware, silver, and crypto-linked sectors.
Read MoreTrump Media & Technology Group is launching a paid API service that provides real-time access to posts from top accounts, including Donald Trump's, much faster than standard notifications. Aimed at firms sensitive to information delays, the service launches August 1st.
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